The 13 EMA has Broken above the 5 EMA on the 15 Munute Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought
Fib Retracement confirms a target to the Short side
Take Profit is Derived from Pivots
Monthly:
We have 2 -27 fib completions that haven't reached just yet
Clear uptrend
Weekly:
Bullish M
Daily:
We had a nice false break, the IC pushed the price up very strong. Since then we had 3 small corrective daily candles.
There is no real 'strong' daily zone that could push the price lower. Thats why im looking for an inv h&s
4H:
Before the big 4h...
Descending parallel channel observed in USD/CZK graph. Short position taken after observing that market is respecting the daily closing resistance line and upper channel.
Sharing my idea on USD CZK - a short term long opportunity my come up after closing of current candle - if it closes green above 50% of last red candle we might have a long setup
There could be developping a longing opportunity on USDCZK back to 24.5. After an impuls we just created a retracement. After a retracement we can typically expect the market to continue its course and create a new impuls. We do need to wait untill all the rules of our strategy are checked, because this market could easily continue down. When we get confirmation...
Monthly:
Although it's a big wick with a bearish candle, i wouldn't be surprised if it got filled
Weekly:
Bullish M + inv h&s
Daily:
Bullish M + double bottom
The daily adjusted zone hasn't been reached yet
4H:
Bullish M
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...
OANDA
